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7

FCA policy chief: We can’t force people to save

The FCA’s policy director has said that the regulator will not “force individuals to save their own money” as it lines up a new joint pensions strategy with The Pensions Regulator. Speaking at a seminar outlining the FCA’s approach to the new strategy, for which it is currently seeking industry feedback, David Geale said that […]

House Modern Home UK Property 480

Equity release boom continues as £10m accessed every day

Equity release lending continues to grow at an exponential rate, with almost £10m of housing wealth being withdrawn a day, according to the latest quarterly figures from the Equity Release Council. This figure has more than doubled in the space of two years. In 2016 the homeowners withdrew around £4.3m of housing wealth a day over […]

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15

British Steel IFA hit with 30 FSCS claims in first fortnight

The FSCS has received more than 30 claims against collapsed advice firm Active Wealth just two-and-a-half weeks after opening the doors to compensation against the company. Active Wealth went into liquidation on 12 February after attracting attention for its role in advising members to transfer out of their final salary schemes at British Steel. The […]

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